Sustainable Energy Funds
|Area of Interest||Renewable Energy, Energy Efficiency|
The Pennsylvania Public Utility Commission (PUC) approved the establishment of the Sustainable Energy Funds (SEFs) in 1998 as a condition for the final settlement of the electric restructuring plans of the state's five largest electric companies. Under the settlement, five funds totaling approximately $55 million were established to address environmental and economic development issues across the state. The funds are: (1) The Sustainable Development Fund in the PECO Energy Company territory (2) The Sustainable Energy Fund of Central Eastern Pennsylvania in the PPL Electric Utilities, Inc. territory (3) The West Penn Power Sustainable Energy Fund in the Allegheny Power territory (4) The FirstEnergy Sustainable Energy Fund for the territories of Pennsylvania Electric Company and the Metropolitan Edison Company. The FirstEnergy Sustainable Energy Fund has a single board of directors but maintains two separate funds for its two territories. The board membership of the SEFs and their bylaws are subject to PUC approval. The SEFs received their funding from the distribution utilities, which collect funds as part of the distribution rate of 1/100 of a cent per kilowatt-hour.
The SEFs provide financial assistance in the form of loans, near-equity, and equity investments and grants. The SEFs differ from most other state funding resources because they actively involve local communities in the decision-making process. Local residents serve on the SEF boards, and the funds are administered locally. Grassroots marketing of the funds draw local project proposals and regional funding opportunities. Hometown projects result in local awareness of the SEFs and of the technologies they promote.
|How to Apply||Each sustainable energy fund functions differently with more information about eligibility and applications posted on the fund's websites.|
|For More Information||http://www.puc.state.pa.us/electric/greenclean/Green_Clean.htm|
|Primary Contact||Pennsylvania Public Utility Commission
P.O. Box 3265
Harrisburg, PA 17105